Who Sets The Prices In Community Pricing?

Hi:

I am just curious about who sets the initial price for community pricing resources. I have seen that some resources are set to high prices and those of us that are interested, can't bid. If it is the company, I would like a standard fair price. If it is the customer, then I would like to say that sometimes people think that if they set a higher price, they can move the resource faster. I have seen that this is not the case, and many of us observe the resources for a long time waiting the time to leave CP. I am a little disappointed with the new set for John's commentary at $90.

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Kenneth Neighoff

the price is set by those who bid.

I have never paid the suggested price for a set. They always tend to go down. It may start at $90 but end up at $70 or so or maybe lower.

David Carter

I just bid $40 for it - if a few more people bid $40 it will replace the $90 price

Gary O'Neal

Here's the link for this resource:

http://www.logos.com/product/18618/classic-commentaries-and-studies-on-the-epistles-of-john

I would love this set, but I'm not willing to pay $90 -- I'm in at $50.

fgh

some resources are set to high prices and those of us that are interested, can't bid

Why? Just bid lower, that's how the price goes down.

JT (alabama24)

I am just curious about who sets the initial price for community pricing resources.

The prices are set by Logos based upon how they feel demand will be in relationship to the cost of the resource to produce. Not all resources cost the same to produce, not all resources will have the same demand.

Kent Hendricks

https://community.logos.com/discussion/comment/361779#Comment_361779

The prices are set by Logos based upon how they feel demand will be in relationship to the cost of the resource to produce.

The default price—before a single person has bid—is the mid-range of the graph. We don't set the price, per se, but we do usually set a broad range of possible bids. As soon as one person places a bid, the price changes. (This usually happens almost instantly after a product is posted.) Within a few hours, a peak starts to emerge.

Keep Smiling 4 Jesus :)

I am just curious about who sets the initial price for community pricing resources.

Logos sets the initial price (along with price range and bid increment), which can move up or down (most often) as the Logos user community bids.

Looking at => Classic Commentaries and Studies on the Epistles of John (22 vols.) noticed Community Pricing resource was added today with current progress less than 5 % (anticipating projected price to change as Logos users place their bids).

I am a little disappointed with the new set for John's commentary at $90

Noted projected price has already dropped to $ 40 as more Logos users bid on new resource.

Projected price could drop to $ 30 if $ 30 times the number of bids for $ 30 or more becomes greater than $ 40 times the number of bids for $ 40 or more.

Keep Smiling [:)]

JAIN THOMAS

https://community.logos.com/discussion/comment/361788#Comment_361788

We the people decide the final price. It has evidently seen in the case of Classic Commentary on Revelation

toughski

https://community.logos.com/discussion/comment/361933#Comment_361933

There have been several times that "Logos set" graph did not go down enough (recently the lowest price was $75 on Spurgeon resource), so, yes, in fact they do set the price, and only after serious pressure from users they modify the graph to allow smaller bids and smaller increments.

I think the system is broken. IF the desire to get resources to the people - make the graph automatic from $10 to say $300 in $30 increments, and when the peak starts to emerge AUTOMATICALLY divide each shoulder of the graph into 10 or so increments, be they $10 or $2.33.

However IF the desire is to make $ (and Logos has every right to do that) then let's start every resource at $300 with $50 increments [:#]

Keep Smiling 4 Jesus :)

https://community.logos.com/discussion/comment/361788#Comment_361788

Projected price could drop to $ 30 if $ 30 times the number of bids for $ 30 or more becomes greater than $ 40 times the number of bids for $ 40 or more.

Projected price for => Classic Commentaries and Studies on the Epistles of John (22 vols.) has dropped to $ 30

Keep Smiling [:)]

Rev. Nannette La Fosse

https://community.logos.com/discussion/comment/361779#Comment_361779

Thanks for the information.